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Hartmann: Fox News ‘infotainment’ is a ‘cancer’ and must be stopped

Progressive talk show host Thom Hartmann last night used the example of Italian Prime Minister Silvio Berlusconi to illustrate the dangers of media consolidation, as it relates to global media mogul Rupert Murdoch, CEO of News Corporation. In short, Hartmann called the right-wing “infotainment” on Fox News a “cancer” on…

FEC: Edwards campaign owes $2 million

WASHINGTON (Reuters) – The Federal Election Commission approved a final audit on Thursday that concludes former presidential candidate John Edwards’ campaign owes the government more than $2 million. The former senator from North Carolina already faces other legal woes. He was indicted on June 3 for allegedly using nearly $1…

US panel rejects bid to end all Pakistan aid

A US Congress panel on Thursday rejected a proposal to cut off all aid to Pakistan due to concerns over the country’s relationship with Islamic militants after the raid that killed Osama bin Laden. The House Foreign Affairs Committee easily rejected the measure, with five lawmakers voting yes and 39 voting…

Audit: Fed gave $16 trillion in emergency loans

The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank. Last year, the gross domestic product of the entire U.S. economy was…

Reid slams House Republicans for ‘taking the weekend off’

Senate Majority Leader Harry Reid (D-NV) said Thursday that it was “untoward” for House Republicans to take the weekend off at a time when the country was on the brink of default. “Coming in here today — I just heard there is an announcement in the House of Representatives that…

Lung problems found in Iraq, Afghanistan veterans

NEW YORK (Reuters Health) – Shortness of breath and reduced fitness among some military veterans returning from Iraq and Afghanistan may be caused by lung damage from smoke, sandstorms and toxins, a new study suggests. Researchers who performed lung biopsies on 38 veterans with unexplained breathing problems found a form…

New poll carries warning signs for Obama in 2012

WASHINGTON (Reuters) – A poll released on Wednesday carried warning signs for President Barack Obama’s re-election chances in 2012. The Public Policy Polling survey found that for the first time since July, Obama does not lead Republican front-runner Mitt Romney in the group’s monthly national poll on the 2012 election…

Shuttle Atlantis lands safely, ending an era

Atlantis touched down for a final time Thursday, ending its last mission to the International Space Station and bringing down the curtain on NASA’s 30-year space shuttle program. The shuttle and its four-member US crew cruised home to a predawn landing at Kennedy Space Center at 5:57 am (0957 GMT),…

Reuters: Federal Reserve planning for potential default

PHILADELPHIA (Reuters) – The Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government’s $14.3 trillion borrowing limit looms, a top Fed policymaker said on Wednesday. Charles Plosser, president of the Philadelphia Federal Reserve Bank, said the U.S. central…

Obama open to short-term debt fix if bigger deal goes through

WASHINGTON (Reuters) – The White House signaled on Wednesday it could support a short-term increase in the U.S. borrowing limit for “a few days” if lawmakers agreed to a broad deficit reduction deal but needed more time to pass it. The move, a shift from President Barack Obama’s previous position,…

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